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Saturday, July 18, 2009

Unemployment Rate. Current. Depression.

If you're wondering what the difference in the current unemployment rate is as compared the the unemployment rate during the depression, here you go.

Here is a link to a chart for the unemployment rate as of the end of June -- Click Here

For more information on the current unemployment rate, which is nearly 10%, Click HERE

The unemployment rate for the years 1923-29 was 3.3 percent. In 1931 it jumped to 15.9, in 1933 it was 24.9 percent. It then steadily decreased until 1941 when it stood at 9.9%. In 1942, after U.S. entry into World War II, the rate dropped to 4.7%. (Source: http://www.bls.gov/opub/cwc/cm20030124ar03p1.htm)